April 06, 2023 • 5 min read
Are you a property manager or leasing agent struggling to screen international renters?
As the world becomes more connected, it's increasingly common for leasing professionals to receive interest in their properties from renters who don’t have a United States credit history.
However, many challenges come with assessing the creditworthiness and background of prospective tenants from other countries. The process can seem overwhelming, from language barriers to difficulty obtaining financial and employment records.
In this article, we will walk you through the exact process to follow to screen international renters effectively. We'll show you the tools and services available to assist you and provide tips on how to screen reliably so you can feel confident with your approval. Get ready to confidently and efficiently screen international tenants for your properties!
International tenant screening services offer background checks and credit reports for potential renters that are new to the U.S. and do not have a U.S. credit history.
These services can help leasing professionals assess potential tenants' creditworthiness and financial stability.
The screening process generally involves checking the individual's employment and credit history, legal record, and rental history. International tenant screening services can help reduce the risk of fraud and minimize the risk of legal liability for leasing professionals.
It’s important to screen all potential tenants, regardless of where they lived previously.
International screening services provide comprehensive background checks, credit checks, and other reports that help ensure that the applicant is likely to be a reliable renter.
These services help leasing professionals make informed decisions and avoid costly mistakes when renting properties. Using a reliable screening service will help you determine if an applicant is likely to be a reliable renter, even if they don’t have U.S. credit history.
The screening process for international applicants or people who are new to the U.S. isn’t dramatically different than screening U.S.-based applicants. The main difference is that international applicants typically don’t have a U.S. rental or credit history. However, you can work around these challenges with the right processes and tools in place.
The steps for doing international tenant screening include:
Be sure to comply with all laws and regulations that may apply to screening international tenants. Check with your local apartment association for any local regulations that apply.
Screening tenants without a U.S. social security number (SSN) can be a bit more challenging than screening tenants with an SSN. However, it is not impossible.
Some options include:International tenant screening is easier today than ever before. With software and services built specifically for international screening, you can remove unnecessary friction from the screening process and collect all the information you need.
For example, Intellirent integrates with Nova Credit, a consumer credit bureau specializing in international residents. This integration allows our customers to screen international tenants using their standard process.
The prospective renter submits an application online, and our software goes to work checking identity, validating supporting documentation, and verifying employment and residential history. There are no additional fees or hassles for agents.
While international tenant screening is 100% possible, it does require a little extra attention and consideration. These tips will help you avoid frustrating surprises and setbacks, and facilitate a seamless screening process.
Be upfront and transparent with the prospective tenant. Explain your rental policies, criteria, and screening process. Address any concerns they may have.
Keep in mind that people who were raised in another culture may be accustomed to different communication styles and preferences. Stay patient and respectful as you navigate cultural differences.
Verify the applicant’s identity, international addresses, and background information. Use a tool like Intellirent to validate documentation to ensure there hasn’t been tampering.
If the applicant’s documents or employment information are in a foreign language, use a translation service like Gengo or Google Translate to help you understand the information.
If the applicant has no rental history in the U.S., consider asking for a guarantor who will co-sign the lease. A guarantor, or cosigner, takes on the responsibility of ensuring the rent will be paid consistently. This reduces the risk for the property owner.
Schedule an in-person showing with the applicant to get to know them and gauge their character. This can also help you verify their identity and ensure that the information they have provided is accurate.
Stay informed about international laws and regulations regarding tenant screening. Make sure to comply with all laws and regulations when screening international tenants. Joining your local apartment or rental housing association can help you stay abreast of any local or national requirements.
Utilizing an international tenant screening service allows you to reliably screen tenants who don’t have a U.S. rental history without worrying about getting the right information.
By following a robust screening process and leveraging the right tools, you can feel confident that you’re making an informed decision.
Intellirent’s Leasing Tools integrate natively with Nova Credit, providing a seamless screening process for international applicants. With a comprehensive screening process, user-friendly interface, and reliable data, Intellirent makes international tenant screening faster, easier, and more reliable.
If you’d like to see how Intellirent can serve your international tenant screening needs, schedule a product tour. We’ll walk you through the exact process that you’ll follow to confidently screen any prospective tenant. Start screening international tenants today with Intellirent!
April 06, 2023
March 01, 2023 • 13 min read